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Tuesday, February 03, 2015

It’s rained and the market is up, but what about the basis

By Angus Brown  |  Source: MLA's NLRS, ACU

There has been plenty of commentary surrounding the move in cattle markets recently, with all cattle categories moving higher. Some buyers may think they have missed the boat, while sellers may be happy to cash anything that isn’t required for breeding. However, when we look at spreads we still see opportunities to buy or hold in the market, with plenty of cattle still underpriced.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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